Fire and Consequential Loss Insurance - IC 57 Exam Study Notes

Impact damage due to Insured?s own Vehicles and the articles dropped from them is the extension that covers loss by direct impact to insured?s property caused by insured?s own power driven vehicles, forklifts, cranes, etc.
Deterioration of Stocks in Cold Storage premises due to accidental power failure consequent to damage at the premises of Power station due to an insured peril is the extension that covers damage to the property insured caused by change of temperature.
Architects Fees Add on permits expenses up to 7.5% of admitted loss towards fees in connection with superintendence of the reinstatement for building, machinery, accessories and equipment.
The Debris removal extension endorsement provides cover for Debris Removal up to 10.00%.
Omission to insure, Additions, Alterations or Extensions Clause is applicable to all new buildings, Machinery, plant and other contents declared, which the insured may erect or acquire.

Important Points for IC 57 - Fire and Consequential Loss Insurance Exam